The McOmie Family - 'Scots in America':Information about Lorenzo Mark McOMIE
Lorenzo Mark McOMIE (b. February 03, 1908, d. January 07, 2001)
Notes for Lorenzo Mark McOMIE:Lorenzo McOmie ~
In 1975, Mr. and Mrs. Lorenzo "Rennie" McOmie established a charitable remainder unitrust and funded it with their agricultural land holdings.
"Rennie" McOmie was raised on farms from Idaho to California, graduating from high school in Los Alamitos, California. He attended Fullerton Junior College - where he played football - and transferred to Stanford University, graduating in 1930. He returned to the family farm in Los Alamitos to help his father and remained there until 1945. In 1946, he married Judith Gwinn Boyle. Her father, Richard E. Boyle, owned and operated a large dry land farm near Fontana.
Rennie and Judith built and operated a dairy farm and grew alfalfa in Artesia, California. In 1952, they relocated to Bird's Landing along the Sacramento River. They built a large adobe house on their 2,700-acre ranch and raised sheep and grew wheat. The McOmie's were keen observers of local, state and federal legislation that affected farming and ranching. In 1975, the McOmie's established their unitrust and retired in Santa Barbara for the excellent climate and for health care. Judith died in 1984, and Rennie stayed in the family home until his death last January 2001 at age 92. He suffered from Parkinson's disease for the last 17 years of life.
The provisions of the unitrust call for the establishment of L.M. McOmie research funds at the University of California, Davis, and California Polytechnic State University, San Luis Obispo. "The net income of the fund received by The Regents of the University of California shall be used for the establishment, support and maintenance of research projects in the Animal Husbandry and Agronomy departments of the Davis Branch of the University of California."
The agricultural land holdings used to fund the unitrust were valued at over $5 million. The trustee sold the property and invested the trust assets for many years. UC Davis' share of the trust is over $9 million - the largest gift ever to the College of Agricultural and Environmental Sciences!
Rick Swantz
Director of Development
530/752-7961
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The following item was found on the internet and recounts the assets of Cal Poly:
Not reflected in any of the numbers above are the assets of the recently matured Judith and Lorenzo McOmie Trusts. Both trusts will benefit the College of Agriculture. The Judith McOmie Trust will support a scholarship endowment for the Animal and Crop Science Departments. The Lorenzo McOmie Trust will support endowed research for the same two departments.
Asset distribution began in late April. Northern Trust Bank of California administers both of the trusts. Cal Poly is the sole beneficiary of the Judith McOmie Trust and during April, $2.9 Million, or approximately ¾ of the total, was distributed. Cal Poly is to equally split the assets of the Lorenzo McOmie Trust with theUniversity of California at Davis. Total asset value at March 31, 2001 for this trust was $18 Million. The Foundation continues to work with the University of California Regents and Northern Trust Bank for the disbursement of those assets.